Revealed: 7 Best Stocks to Buy Now According to Seeking Alpha

Coin Crunch
7 followers
Nov 3, 2024
Looking for stocks to buy now? Discover the 7 best stocks to buy now according to Seeking Alpha! The top growth stocks include Seagate Technology stock (STX stock), IOT stock, and 5 more. I provide quick analysis and price predictions, as well as discuss recent trims in Palantir stock (PLTR stock) and The Trade Desk stock TTD stock. We also cover cloud valuations on companies like CrowdStrike stock CRWD stock. We provide a blend of dividend stocks and growth stocks to consider for your investment portfolio. Don't miss out on these investment opportunities!
You want to know. One of the best stocks to buy now. I've got you covered with seven top stocks to buy.
Let's go. So these seven stocks are the top stocks to buy. These are growth stocks,
10 billion dollar market cap or larger and they have to be tech. And putting heavy weight on
things like growth and improved profitability. So those are the filter parameters. Let's dig in.
So today we're using Seeking Alpha's stock screener tool. Now just because a screener
says you should buy a stock, you don't just buy a stock because the screener says it's a buy.
What this will do is give you ideas to look for. So this is really exploration. And let's talk
about each of these stocks just at a high level today. So we're going to go in reverse order and
show you the seventh pick first. And that's going to be first solar. The ticker is FSLR.
So this stock is up about 46 percent in the past year, year to date up 14 percent. Just a quick
glance here, you can see the four is about a 15 short interest around four and a half percent is
a 21 billion dollar market cap. The profitability metrics look decent. Seeking Alpha showing a B
minus growth here, a plus shown a 29 percent forward revenue growth in that valuation.
You know, forward 14.53. You can also look at things like price to sales. So the TTM is a 5.67
that forward is a 4.84. You can see like a lot of these stocks that washed out towards the end of
early 2023. This is $129 stock ripped all the way to $306. And now it's trading below $200 a share.
Now, this support three Fibonacci 177 didn't quite get there. It is below that 200 day moving average,
that purple line. So we looked at valuation, looks attractive overall, looking at technicals,
looks like a possible opportunity. What I would do from here is explore the stock more,
go to investor relations, do a ton of research and due diligence from here.
Up next at number six, we've got Micron Technology, ticker MU. Now, Micron has come
way off of those highs, $157.54, that 52 week high. It's now $104.80. Over the last year,
it is up about 58 percent. Year to date, about 22.8 percent. This does pay a small dividend.
So in that DJI, DJI F category, 0.43 percent as 3 percent short interest market cap on this is
about $120 billion. This is more of a mature company, a plus profitability grade. You can
see that gross profit margin and other numbers. The growth on this, it has started to accelerate
again. That's why you're seeing the stock starting to recover a little bit here in recent months and
days. And the valuation on this 154 is that TTM, but that Ford gap PE is a 13.66 price to sales.
The Ford is about a 3.14. You can see the ratings here again, not a reason to buy necessarily,
but the analysts on Seeking Alpha have a buy. Wall Street analysts strong buy and that quant
and it's using a combination of this as well as other variables when we're using that stock
screener. But that's a 4.36. So it's using those numbers as well as the valuation, the growth,
profitability, momentum, all those different things when it's trying to tell you which
stocks are favorable. Looking at a chart, this thing was $157 and we talk a lot about trend
lines. You know, we had this trend line and it was out here and really a no man's land. This is
like a bubble, right? And so oftentimes it comes back to reality. It comes back to earth. It
doesn't have to go to the trend line every time, but oftentimes it does. So you've got this air
pocket basically here and we were saying, hey, this is way overextended, not where I want to
buy. Don't touch us at $150 a share. And the opportunity recently in Discord was under $100
a share. It is in that one Oh five range. Of course it was 85 not long ago, but again,
that screener is there as an exploration tool. So we look at the valuation looks attractive.
We look at the technicals. It looks like an area that might be attractive to buy. Those are just
two small steps in the greater decision to buy a stock or not for your portfolio. And you have
to do a lot more research than just looking at the screener and a couple of quick metrics. You
really have to understand the business because again, you know, if you're buying a stock,
you're owning part of that business. You want to understand the leadership,
the competitors, the direction of the business and so on. But so far we've covered two stocks
and I'll tell you that both warrant additional exploration. I think for a lot of people,
they may or may not be buys for you, but they look like they're possible opportunities.
At number five, we've got Seagate ticker is STX and you can see some of the numbers here,
$21.43 billion market cap. It does pay you a 2.76% dividend yield as well. Seeking Alpha
shows a profitability grade of C plus the growth on this is at a plus again, according to Seeking
Alpha. And that's going to include not only revenue growth that Ford revenue growth is 12%,
but it's also going to give you things like EPS diluted growth and more that you see on your
screen. The valuation on this is a 16. This is a gap PE Ford 16.18 that TTM or 12 months trailing
is a 26.36. This is an interesting stat here. If this is accurate, but the peg non-gap Ford is 0.26.
It does not have a peg gap. So I'd be willing to guess that earnings have had some volatility
with this stock without looking at much closer. That's just an observation that price of sales
TTM 2.93 and the forward price of sales is a 2.32 looking at a chart like most stocks, right? We've
had this huge run up since October, 2022. And really a lot of these names have been associated
with AI. So they've been pumped higher and higher. I don't follow Seagate as well as the other two
stocks that we've covered. And of course for solar has nothing to do with AI, but like for example,
micron has been part of the AI play. You can see this 200 day moving averages around $96 and 47
cents. So it's trading around $4 above that 200 day moving average. And you've got the Fibonacci
pivot points. These are just possibilities on the chart. Give me an area of where a chart could go.
You're looking at around $89. So this is just to give you an idea of where a stock could go.
The biggest thing for me is looking at trends, those moving averages, but most importantly,
99% of that puzzle is going to be fundamentals. You're looking at the chart. If you're a longterm
investor, we don't use charts as trading. So we're not trying to do day trading or swing trading.
We're really just looking at them at the last piece of the puzzle, that last 1% to get a better
idea of where a stock might go, better entry and exit point. And charts are just possibilities.
They cannot predict the future. Up next, I'm going to share stock pick number four. If you're new
here, not subscribe, smash that subscribe button, click that bell for notifications. And if this
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The fourth stock is TDK Corporation. The ticker is TTDKY. This is a $23.12 billion market cap.
Now full disclosure, I don't know this company really at all. The profitability grade here,
A-. Growth is shown at A with a forward revenue growth of 60.54%, which is solid. The valuation
is a B and it's showing a forward gap PE ratio of a 17. It also has that TTM PEG gap of 0.3,
which is an interesting number right there. Anything less than one is very interesting.
Price to sales TTM 1.75, that four to 1.61. Now the 52 week range on this, huge range,
$5.09 on that low, $14.37 on the high trade right now above $12 a share. Over the past year,
it's up 63%. Year to date up about 30%. So to give you some quick high level insight of what
this is all about, Japan's one-stop shop for picks and shovels tech. Key player in the global
electronic components supply chain. There are so many different companies involved with electronics
supply chain. I've been following this sector for 25 years and I still don't know all these
companies very well. The reason for it, this is Japanese. I typically don't invest much out of the
US and this would be an OTC ticker, which I generally try to avoid. This is over the counter.
Of course you can buy this outside of OTC, like on the Japanese stock market, you're generally
going to pay some foreign transaction fees and so on, but this looks like a very interesting
stock. Let's take a quick peek at a chart. Again, we're in exploration mode right now.
I'm looking at this chart and this is a crazy looking candle here. I'm not sure what's going on.
I can see like a lot of these stocks, you know, ripped in 2022, 2023 came off of these prices
that were down here, you know, in $5 all the way to $14, some huge profits made over the last
couple of years. Right now it's trading below the a hundred day. That's the red line, the 50 day
moving averages or simple moving averages. That's the yellow, still slightly above this 200 day
simple moving average, the purple line. Now the Fibonacci pivot points are all messed up because
of this candle, but just looking at the overall trend has come back. Of course, you'd like to see
it a little bit lower or something like this. And again, this is this exploration, the charts to see
me an idea of where a stock might go. Your fundamental analysis, that 99% should give you
an idea of what you're willing to pay for a stock. The charts there just to simply show you, is it
running hot? Is it pulled back as an opportunity, better entry and exit points.
Now, before we get into the top three stocks and number three happens to be a fire to pull
favorite since it went IPO in September of 2019 at $15 a share. Any guesses before we do that?
If you want to be a better investor, there are two things that you can do on this video. There's
a pin comment has two links. One link is going to be to seeking alpha. So if you're looking to
sign up for seeking alpha, a premium membership, I'm a marketing affiliate, and I get a few bucks
if you use my link. So check that out for the special offer they're running right now. Most
importantly, if you want to be part of an investing community and see what other people are buying,
not just me, my buys and sells all the members in elite and investing trade floor, what they're
buying and selling every single day, as well as tons of information due diligence. And we do three
live streams a week, every Monday, Wednesday, and Friday morning, which are recorded. We have a free
one week trial to elite, no strings attached. Go check it out where you want to be. You want
to go check that out, see if it's a good fit. Then you want to be in the masterclass tier,
new videos on the way, lots of exciting stuff coming in 2025. Seats are limited. Number three
is a $30 billion market cap. This is cloudflare ticker net. Now this is going to fall in that
cloud SAS software as a service arena. So we're going to look at unique metrics generally for
that. This is just a quick exploration video. So we're not going to get into the weeds too much,
but profitability here on seeking alpha is a B that growth is solid. A plus you can see for growth
29% where it's going to get a little bit tricky as valuation. Cause if you're trying to use
something like a PE ratio, not going to be the best metric generally for these types of names
because of that recurring revenue. So we're going to look at things like EDNCM revenue. We're going
to look at rule 40. You also want to look closely at things like stock-based compensation, but
looking at price to sales, it's going to be crazy expensive. TTM 20.46 for 18.43. If you're a value
investor, you're going to see this. You're going to say, no, thanks. It's probably not for you.
This happens to be one of my favorite stocks. What I own of this is house shares. So I've
sold out my cost basis and profits, and I'm just holding some house shares 52 week range on this
53 88, all the way to one 16 trading right now around $91 a share up 62% in the past year,
year to date only about 9.38%. It does have 3.35% short interest. It's showing here a four
P ratio, one 25. Again, you want to look at something like EDNCM revenue as well as free
cashflow and others, but just to give you an idea. So out of the stocks that I follow in this
sector, this is the fifth most expensive stock behind Palantir, which is the first EDNCM revenue
on Palantir is a 35 X. I recently trimmed some, I'm still bullish long on Palantir,
but it is very expensive here. Trade desk, which also trimmed off a few shares. Again,
I'm bullish. I still own these companies long. Just took a couple of shares off the table.
That's number two at 22.1 X. Samsara IOT is the ticker at 19 X is number three CrowdStrike
number four, another fired up all favorite 16.6 X and CloudFlare is about a 16.5 X. So again,
the fifth most expensive number six is service now at a 15. And for reference, the LTM rule 40,
and we've talked about this in discord, there's different ways to measure this, but the LTM rule
40 is 42%. You want at least 40%. The top stock out of the list of names I just mentioned is
CrowdStrike at 65% for that metric. When you're looking at these charts, guys, and you see text
in orange, those are previous chart days. We do chart day every single Wednesday, patron discord
at nine o'clock AM Eastern. Again, sign up for a free trial and join our next stream on Wednesday.
We also do audio podcasts, Mondays and Fridays, but with CloudFlare, you can see that it had this
recent pullback here. It got all the way to one 16, which is really getting ahead of itself. And
again, if you look at these trend lines, this trend line, we had this back in October. So this
line would have been here and you're looking at it one 16, $116 thinking, wow, we've got a long
way to go. It doesn't mean it has to go to the trend line, but it often does. In this case,
it did. It's just a matter of when. In fact, it broke below it around 66. Your opportunity
generally is going to be below these trend lines. And right now it's back to 91. So me personally,
I probably wouldn't be buying it at this price here at $90, $95. I've been buying it down here,
but seeking alpha is still showing it as the third best stock on their quant or their search tool.
And this is one of those stocks. Once it gets momentum, it can do some crazy things in really
both directions. Number two, we just mentioned it when we talked about CloudFlare. It's Samsara.
The ticker is IOT. Now this is a $27 billion market cap. It's not something that I own
personally, but several members in Discord do own this stock. I actually like this company.
I've just never really found an entry point I was comfortable with. You can see the profitability
grade here, C plus. It does have this 75%. Of course, software is going to have those higher
gross profit margins, but it does need some work. This is one of those stories that's still trying
to get to that profitability mode. Growth on it, solid. This is kind of more in that hyper growth
type arena, 32% forward revenue growth. This is another one. We just talked about the metrics.
So if you missed it, go back and I covered the metric on this, the EVNTM revenue. So something
like the PE ratio isn't going to be quite as helpful on a stock like this. Price to sales,
again, high 22.02. And that's for the TTM. 12 months trailing is 24.23. This stock is also
at a big range, 52 week range, $21.48 to $51.53. Trading pretty close to that all time high.
It's around $49 right now. It is up 114% in the past year. So something to be mindful of. We'll
look at a chart here in a second. And it's up about 48% year to date. The company has been
doing well. The earnings have been strong. And the thing about these high risk, high reward,
these high flyer momentum names, as long as earnings crush it, expectations are high. As long
as the earnings crush it, the stock keeps going higher. The problem, as you guys have seen,
if you've been around for a little while, one little slip up and these types of stocks, they
sell off, you know, 15, 20, 30% after earnings. Now they just reported on September 5th and
earnings were strong, which is why the stock's going higher, but we're above the 50 day. We're
above the a hundred day above the 200 day. This R3 is up here around 57, $58. And it could certainly
get to that level in this trend line. You can see we broke trend here in June, $27 in hindsight,
this is the opportunity. It bounced and kissed the trend line right here at $32 back in August.
When they had, when that sell-off generally for me, I like these type of opportunities. These are
opportunities I generally like to buy. If I look at it up here, it's way above trend. It doesn't
mean that it can't keep going higher. I just typically like to buy when stocks come down.
And with chart day, we look at hundreds of charts, thousands of different charts, and you see it over
and over and over again, the stock goes higher in the short term. You zoom the lens out. Now,
here's the thing. This, this trend line goes out like this. And as time moves on, the stock can
certainly go higher. It doesn't mean it has to come down to this level. What can happen is it
can go higher. And then that trend line keeps moving with it and it could come back. So this
is an example right now, the stock is $49 a share. It could go up to say $60 and it could come back
to say $45 on an earnings miss. And that might be six months, eight months from now. It doesn't
mean it has to happen, but it happens more times than not. So this is one I would add to my watch
list. You may or may not think it's a buy here. I personally would put it on the watch list and
wait for an opportunity. The number one stock, according to Seeking Alpha, using this stock
screener tool is CyberArk software, the ticker DYBR. This is a $12.35 billion market cap. It's
going to be another stock in that cloud SaaS arena. So valuation might not make a lot of sense.
Profitability on Seeking Alpha, a B. Again, you're going to have high gross profit margin because
this is software and software generally has higher margins. The growth is an A, a solid growth,
similar to the last one we looked at, you know, 30% forward revenue growth, not profitable,
kind of in that hyper growth type stage. So it's not quite a spec stock. It's more in that hyper
growth. You look at that spectrum, it goes spec, hyper growth, growth, mature growth, DGIF, DGI,
and then income. That's the life cycle of a stock. The valuation on this, same kind of deal, you know,
price to sales for 12.72, not as high as some as we looked at that TTM 14.05, but still going to be
expensive. Short interest is about 4%. This is up about 78% in the past year, year to date up 29%.
You can see the range here, the 52 week range 308, 159, straight at 283 today. So a lot of these
charts look similar. You know, we had this huge run up. We go back to, you know, October of 2022,
December, this kind of area a couple of years ago, $113 rips up to 283, pulls back to 230. I mean,
we are sitting pretty close to all time highs here. We have come back. You can see we're at
just below the 50 day moving average, still above the 100 and the 200 as well as that trend line.
This R3 is $316. This is another one. Personally, I would do more research. We're in the exploration
stage here. I would do more research. I'd put it on my watch list and I'd probably wait for
opportunity if the stock pulls back more. I can't tell you what to buy or sell. Just give me some
information to help you with your financial journey. If this video is helpful, make sure
you drop me a like, drop me a comment, subscribe to the channel. Have a great rest of your day.
Take care.
